3 things to know about Softbank's plan to acquire ARM

Since the release of the iPhone, ARM's chip designs have driven a mobile revolution. The small chip company has brought giants like Intel to their knees in the realm of mobile phones and tablets, and now it's on the verge of being acquired by Softbank for a stunning US$32 billion.

You may not know it, but outside of PCs ARM is in almost every device we use, from smartphones to TVs to home appliances. It licenses chip designs to manufacturers, and over the last 25 years, over 90 billion ARM-designed chips have gone into devices. ARM will continue designing processors for various segments of the computing industry after the acquisition, but investments will go up and product development will be faster, said Simon Segars, CEO of ARM, in a video. Here are three immediate things you need to know about the deal.

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